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You can't spell SPAC without Social Capital's Chamath Palihapitiya

Sep 21, 2020 - Silicon Valley Business News
Board and Executive Moves

Chamath Palihaptiya apparently plans to be the "Alphabet King" of special purpose acquisition companies (SPACs).

After raising about $1.6 billion for "blank check" companies with the ticker symbols "IPOA," "IPOB" and "IPOC", the head of the Palo Alto-based investment firm Social Capital Hedosophia filed plans on Friday to raise $2 billion more with "IPOD," "IPOE" and "IPOF."

Leaving no doubts about his future plan, Palihapitiya said on a recent podcast that he has reserved ticker sym...